Activist investor ValueAct Capital has invested US$2 billion in Microsoft, according to a report on CNBC Monday morning. Wall Street immediately reacted, driving the company’s share price to $31.18 from its usual perch at $30.27 per share. That is the highest level the stock has since in the last seven months. ValueAct invests in companies that it views as undervalued, targeting those that are either out of favor or undergoing significant transition.
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Microsoft Catches Activist Investor's Eye
Posted by: Erika Morphy April 22, 2013 12:38 PMActivist investor ValueAct Capital has invested US$2 billion in Microsoft, according to a report on CNBC Monday morning. Wall Street immediately reacted, driving the company’s share price to $31.18 from its usual perch at $30.27 per share. That is the highest level the stock has since in the last seven months. ValueAct invests in companies that it views as undervalued, targeting those that are either out of favor or undergoing significant transition.